View more on these topics

Ipswich launches fixed rate deals

The range comprises three-year and 10-year fixed rate mortgages, plus a fees-free three-year fixed remortgage.

The 10-year fixed is offered at a rate of 5.89% until December 31, 2014. The three-year fixed is at 5.9% until December 31, 2007. And the fee-free three-year remortgage is at 6.10% until December 31, 2007.

Paul Winter, sales and marketing sirector of Ipswich, says: “These mortgages are targeted at borrowers who want to be cushioned from the possibility of rises in interest rates and value the certainty of predictable mortgage payments over a longer timeframe. At these rates, they will be very attractive to borrowers who cannot afford significant increases in their existing monthly mortgage costs.”

Both the three and 10-year deals are available for purchase or remortgage and have maximum LTVs of 95% and 80% respectively.

On all three products there is a minimum advance of £25,000 and the maximum loan size is £350,000. No higher lending fee is payable for loans up to 90% of the purchase price and there are no compulsory insurances.

An early repayment charge is payable during the fixed rate period only. There is an arrangement fee of £395 on the 10-year deal and £295 on the three-year product.

The fee-free product has no compulsory insurances, no arrangement charge and no application fee. Legal costs are paid, or there is £250 cashback. Loans are available up to 80% of valuation and an early redemption charge is payable during the fixed rate period only.

On all three products interest is charged on a daily basis and loans can be reduced to 50% of the original advance without charge. Arrangement fees can be added to the mortgage account.


LIME links up with Exclusive

LIME members and clients will have access to a packaging service from Exclusive Connections, which it says is the largest mortgage packager in the market. The service will be available via six Exclusive Connections local offices and will provide members with access to a packaged panel of 17 lenders and an inclusive range of products […]

Primary school performance points to property price premium

Alex Bannister, Nationwide&#39s group economist, says: &#34In the last two weeks thousands of children have started their first year at primary school. Traditionally, primary schooling is viewed as crucial in providing children with the basic building blocks of learning and thus parents put a great deal of effort into researching the performance of local schools. […]

Trustguard receives official authorisation from the FSA

Nick Battersby, group compliance director, says: “We&#39re delighted to receive this permission from the FSA. “Our network will be very small compared to some of the other players in the market, but we&#39ve put a lot of effort into this, and to see this hard work rewarded is good news for us and for our […]

NAB to give up banking licence for Yorkshire subsidiary

NAB is to run its business through its Scottish bank, Clydesdale, with the restructure completed by the end of the year. A spokesperson for NAB says:”It is purely a legal entity, for administrative reasons, we are consolidating administration and all the branding will remain the same.”

A modern horror story

Every day a quick scan of the news reveals some new horror that will change the lives of those involved forever – the unlucky accident on the way to work, a tragic illness that cuts a young life short or the holiday accident that leaves more than just a scar to cope with. We barely […]


News and expert analysis straight to your inbox

Sign up